WGU D080 Test 2023 Questions & Answers 100% Correct(SCORED A+)

Which negative outcome on political systems comes from globalization? - ANSWER - Creation of isolationist policies Which factor results in a higher rate of globalization? - ANSWER - Reduced trade barriers What are the four factors in Ghemawat's CAGE analysis? - ANSWER - Culture, administration, geography, economy What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? - ANSWER - Loss of manufacturing jobs A country has a characteristic traditional economic system with poor infrastructure and limited economic opportunity. What is the impact of this system on the process of globalization? - ANSWER - The globalization process is at a disadvantage as the country has a lower standard of living. What is a characteristic of a market economy? - ANSWER - Firms seek to maximize profits. Which impact does Islamic law directly have on businesses? - ANSWER - It forbids charging interest. Which institution helps to maintain availability of global financing to solve trade deficit issues? - ANSWER - International Monetary Fund What is the current focus of the World Bank? - ANSWER - Improving quality of life For which concern has the World Trade Organization been criticized? - ANSWER - Adoption of labor standards protecting labor rights How is the Special Drawing Right of the International Monetary Fund (IMF) valued? - ANSWER - It is based on the value of the five most significant members' currencies. Two countries agree to open their borders to international business transactions with one another without tariffs. How does this affect global business? - ANSWER - It leads to developing free trade policies with strategic partners. A country uses its established technology infrastructure to produce a good.What is the impact of this infrastructure on trade? - ANSWER - It will create barriers to entry for other nations. What was the economic impact of the North American Free Trade Agreement (NAFTA)? - ANSWER - The shift of jobs away from low comparative advantage industries